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Thursday, 20 June 2013 | 14:03
Three days ago, visibility reached 1,000 to 1,500 meters. Today, June 20, visibility only reached 1,000 meters.
Thursday, 20 June 2013 | 13:45
Families of Cebongan victims will be watching the trial of the 12 suspects to ensure the credibility and neutrality of the
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Thursday, 24 November, 2011 | 17:33 WIB
Ratio of Indonesia’s Bank Savings Still Low
TEMPO Interactive, Jakarta:Bank Indonesia deputy governor Muliaman D. Hadad says the public’s interest or access to Indonesian banks remains low. The savings ratio against Indonesia’s GDP is one of the lowest in Southeast Asia.
The saving ratio is only 36.9 percent, far below Malaysia (105.5 percent) and Singapore (280.9 percent) and just below the Philippines (48.6 percent).
Muliaman quoted the World Bank’s data in 2010. For every 1,000 adults in Indonesia, only 504.7 had savings. This is higher than the Philippines (499.1 savings per 1,000 adults) but lower than Malaysia (2063.3 savings per 1,000 adults).
“We need to encourage this,” Muliaman said yesterday. The central bank expects bank penetration to be improved.
In order to improve the public’s access, Bank Indonesia has asked banks to promote a product called TabunganKu (MySavings) through which the public can make an initial deposit as low as Rp10,000 without any administration fee.
EKA UTAMI APRILIA